Capitalisation of Assets
This query is : Resolved
Gurtej Singh Dhanoa
(Querist)
09 April 2011
If office building is to be capitalised under the category of Non factory building or office Building, then what about the heavy equipments installed for such building i.e. like Heavy DG set, Heating ventilation and water treatment plant, water chillers, Lifts etc. Under which category should these assets be capitalised.
1. Plant and Machinery
2. Electrical Equipments( DG sets)
3. or any other category,
1. Plant and Machinery
2. Electrical Equipments( DG sets)
3. or any other category,
CA Sumat Singhal
(Expert)
10 April 2011
I think Plant & Machinery.
Refer Schedule XIV of Companies Act.
Refer Schedule XIV of Companies Act.
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